Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. With the Washington state acreage and other recent additions to his portfolio,. Real estate investors overall have also been increasingly targeting single-family homes. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. researchers warned about the potential risk of a global food shortage, currently no nationwide food shortages in the United States, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal, 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, you'd cover an area about a quarter the size of Rhode Island, Gates was putting microchips into vaccines, Gates had input tracking devices into vaccines, vaccinations as a way to depopulate the planet. Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that farmland returns historically out performs most other investment vehicles, and is also comparatively the least volatile asset among the bunch. See MCL 436.1701., Michigan taxpayers are allowed to take a number of exemptions, depending on the number of people in the taxpayers household, their ages, and other factors, If the defendant is held for more than 24 hours without being brought before the court under subsection (2), the officer in charge of the, An ORV or off-road vehicle is a motor-driven, recreational vehicle capable of driving on a range of terrains not limited to roadways and, Michigan leads the nation in tart cherry production. This article will go into detail about how much land Bill Gates owns and why he owns so much. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. Gates owns less than 1% of the nations farmland. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. Supreme Court just voted to ban condoms., Says Ukrainian President Volodymyr Zelenskyy said he wants Americas sons and daughters to go die in Ukraine., In Ohio, there are 75,000 acres of farmland, fertile farmland, that are all now being poured down with acid rain., Muslims by the millions are converting to Christianity.. BlackRock is a shareholder in both companies (here) (here). But these land holdings account for only a tiny share of the countrys total farmland. This isn't the first time Gates has called for higher taxes on the wealthy. One of the most prevalent claims related to Gates and the potential for food shortages is that the billionaire owns a suspicious amount of farmland in the United States. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. The total portfolio of farmland is worth well over $700 million. "Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?" This is because of more intense seasons of drought and rain. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures. Access your favorite topics in a personalized feed while you're on the go. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Bill Gates and conspiracy theories go together like peanut butter and jelly. Bill Gates gobbling up Florida farmland | News | sharonherald.com Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. Gates appears to be pro-chicken farming. "I've gotten a big earful on this from clear across the state, it's not even from that neighborhood," Doug Goehring, the state's agricultural commissioner, told a local NBC affiliate this week. 20006, Florida What Asset Class Is Farmland Considered To Be? PolitiFact | The Bill Gates egg shortage conspiracy isn't all it's There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. Who owns the most property in Detroit Michigan? While viral conspiracy theories baselessly conjecture that Gates is buying up farmland in order to starve Americans for some unknown reason, there's likely a simpler explanation: Gates makes money off this land. Since his divorce, it is unclear how the assets were split up between the couple. Bill Gates Is Buying Up American Farmland. But Why? Farmland in am. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. According to 2021 article from the Land Report, a magazine about land. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. 2022. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. 54. How much land does Russia own in the United States? Bill Gates is America's biggest farmer, his 269000 acres farmland grows potatoes and carrots Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. The billionaire philanthropist Bill Gates, America's largest farmland owner, apparently bought a potato farm in North Dakota, and local residents aren't too happy about it. Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, a yearly survey of the biggest landowners in the country. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Amazing, if truebut its extremely not. By clicking Sign up, you agree to receive marketing emails from Insider Try the tool that will help you invest smarter, faster, and better. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. Stay up to date with what you want to know. Who owns the most farmland in the world? While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. Microsoft co-founder Bill Gates is America's top private farmland owner. Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. Bill Gates Is the Biggest Private Owner of Farmland in the United States. Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some solid tax benefits due to be land ownership. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. Who knows. His idea, like many others, was to diversify his investments across different asset classes. Hearst Magazine Media, Inc. All Rights Reserved. Pregnancy tests include a hidden Plan B pill. Heineken accused of secretly shipping adrenochrome in kegs after Bill KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. The explanation offered by conspiracy theorists for this untrue claim was that these fires were being intentionally set in order to create a food crisis. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. What Land Does Bill Gates Own In Michigan? - PartyShopMaine This informational is by no means a promotion, solicitation, or recommendation of any specific investment. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single-family houses but I'm supposed to believe the biggest threat to us is Elon Musk buying Twitter? one Twitter user wrote (here). Report: Bill Gates is largest owner of private farmland in U.S., with What Bill Gates has to do with livestock, lab-grown meat, Eggflation? However, Microsoft wasn't Bill Gates' only successful venture. Because of this crucial factor inherent to farmland, it also tends to provide better, consistent returns during times where inflation rises another scenario where more traditional assets like stocks and real estate suffer in. Louisiana is the top state. Owning farmland is one of the most prudent financial investments to make now. While private companies and corporations are increasing their ownership of U.S. homes, BlackRock, through its investments, does not own a majority of single-family homes. It is reported that Bill Gates owns over 269,000 acres of farmland in over a dozen states, making him the largest farmland owner in America. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. Why Bill Gates Keeps Buying Up So Much Farmland, 60 Scientists Are Trying to Block the Sun, Your Privacy Choices: Opt Out of Sale/Targeted Ads. Northern Kansas land sale averages $3,500 per acre. Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa. The major cash crops are field beans, sugar beets, corn and wheat. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Gear-obsessed editors choose every product we review. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Since its IPO in 1985, Microsoft has seen continual success. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. Sign up for notifications from Insider! Bill Gates shops for 'hundreds of acres of sustainable farmland' from Bill Gates owns massive parcels of farmland. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes But the fact remains, as the Daily Mail notes, Gates computer "nerd" and vaccination enthusiast "has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states.". Gates does own a lot of farmland. One main benefit to alt assets especially for those whore heavily invested in the stock market is you can diversify your overall investment portfolio outside the NYSE/NASDAQ. In fact, he reportedly owns more farmland than any other individual in America. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. Download free guide with advice for beginners. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. During the COVID-19 pandemic, vaccine-hesitant Americans were inundated with false rumors claiming that Gates was putting microchips into vaccines, that he was working on a mind-altering vaccine, that Gates had input tracking devices into vaccines, and that he once called for vaccinations as a way to depopulate the planet. Gates' 242,000 acres amounts to about 0.03% of the total. 1995 - 2023 by Snopes Media Group Inc. Bill Gates's Plan to Destroy Animal Agriculture | National Review Neither of these are a perfect option. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. 2 min read Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. Your membership is the foundation of our sustainability and resilience. Gates is just using farmland to make Agri-Tech and financial investments. Bill Gates Attempts to Explain Why He Bought More Farmland - Futurism As unfounded rumors related to the cause of a yet-to-happen food crisis circulated online, many people started to point fingers at a favorite target of conspiracy theorists, former Microsoft CEO Bill Gates. His . Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. Social media post scrambles the facts on high egg prices," Jan. 13, 2023, Various searches on Google and Nexis, accessed Jan. 24, 2023, The Land Report, "Farmer Bill," Jan. 11, 2021, The Land Report, "Bill Gates is About to Change the Way America Farms," Winter 2020 magazine issue, The Land Report 100, Winter 2021 magazine issue, The Land Report 100, Winter 2022 magazine issue, Email exchange, Eric OKeefe, editor, The Land Report, Jan. 23, 2023, Email exchange, Gates Ventures, Jan. 24, 2023, GatesNotes, "Future of food," March 18, 2013, GatesNotes, "What the plow and lab-grown meat tell us about innovation," Feb. 27, 2019, GatesNotes, "Is there enough meat for everyone?," April 21, 2015, GatesNotes, "Why I would raise chickens," June 7, 2016, U.S. Bureau of Labor Statistics, "Consumer Price Index," Jan. 12, 2023, U.S. Department of Agriculture, "Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022," Jan. 11, 2023, U.S. Department of Agriculture, "2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks," Jan. 18, 2023, U.S. Department of Agriculture, "Avian Influenza," Jan. 18, 2023, U.S. Department of Agriculture, "Farms and Land in Farms, 2021 Summary," February 2022, Reddit, Bill Gates Ask Me Anything, March 19, 2021, Bill & Melinda Gates Foundation, "Agricultural Development," accessed Jan. 24, 2023, Associated Press, "Bill Gates owns a lot of American farmland, but not the majority," May 2, 2022, Vox, "The controversy over Bill Gates becoming the largest private farmland owner in the US," June 11, 2021, NBC News, "McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland," June 8, 2021, Reuters, "Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses," May 5, 2022, CNBC, "Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future," March 23, 2018, CNBC, "Bill Gates bets on growing demand for sustainable foods," May 14, 2015, Bloomberg News, "Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. Over time, Gates sold personal stock in Microsoft and. Trump killed them., The Kansas City Chiefs Super Bowl win has been put on hold as NFL plans to launch an investigation on possible (performance-enhancing drug) use by Patrick Mahomes during halftime.. In addition to farmland, the Gates' portfolio includes numerous public investments, the Gates Foundation, a major stake in the Four Seasons Hotel, and much more. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). In a statement to Reuters, editor of The Land Report and author of the article published by the outlet on farmland owned by Gates, Eric O Keefe, called the claim absurd.. Gates said during a Reddit AMA: My investment group chose to do this. These claims are not true. as well as other partner offers and accept our. Accessed 28 Apr. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. He also reportedly owns about 16,000. As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan. I have written several articles on postings related to Big Tech, Social Media and Corporations. Are you ready for alternative proteins made from a volcanic microbe?," March 24, 2020, NPR, "Why Bill Gates Is Investing In Chicken-Less Eggs," June 13, 2013, CNN, "Memphis Meats raised $161 million to grow meat from cells," Jan. 22, 2020, Insider, "Bill Gates and Richard Branson backed a food startup which grows meat in labs," Aug. 23, 2017, CNBC, "How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds'," Jan. 21, 2019, Quartz, "Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers," Aug. 2, 2017, CNBC, "How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates," March 7, 2019, The Washington Post, "Egg prices havent come down with inflation. Just over 70% of these were owned by individual investors. 22. Bill Gates: Der grte Eigentmer von Farmland in den USA Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18-states. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. Bill Gates is America's biggest farmer, his 269000 acres farmland grows Perhaps Bill Gates is looking to test out his GMO seeds. According to OKeefe, Gates isnt the only one making moves on the farmland market, especially as farm real estate values nationwide increased 7% from 2020 to $3,390 per acre. The land was purchased from the owners of Campbell Farms, a potato farming group headquartered in Grafton, North Dakota, approximately 50 miles from the Canadian border. In the past 20 years, the foundation has grown to hold over $48 billion. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. While private companies and corporations are increasing . These allow investors to get stared with as little as $10,000. It has been very fulfilling for me and is my full time job," Gates continued. Microsoft founder and billionaire turned philanthropist Bill Gates recently laid the long-time conspiracy theory that he owns some 80% of all U.S. farmland to rest in his 11th appearance in an Ask Me Anything (AMA) session on Reddit. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. The cost of chicken has also gone up, although not as drastically. Bill Gates is the biggest private owner of farmland in the United On social media, we found people claiming, for example, that Gates owns the "majority" of U.S. farmland -- 80%, they claimed -- and that Gates is trying to buy up "all" of the farmland. Why Is Bill Gates Buying So Much Farmland? - Farmland Riches Why doesnt everyone just invest in farmland then? Thus, before we answer these questions, we are going to provide a brief summary of his financial history. Talk about big bets. Gates' interest in farmland is still strong. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter added. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. Costs are expected to fall in the coming weeks as egg-laying flocks are restored. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. No one but Bill Gates knows that answer. What is the most profitable crop in Michigan? Official govt docs expose Michelle Obamas 14 year history as a man., "Woody Harrelsons 60 seconds in the middle of his monologue was cut out of the edits released after the show., BREAKING Trump preps Marines to stop presidential coup..
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where is bill gates' farmland in michigan